State agency calls meeting to review new Falcons details

The Georgia World Congress Center is holding a meeting on Friday to consider new details in a proposed $1 billion Falcons stadium.

The Congress Center, which would own the stadium, will meet at 2 p.m. Friday to review terms of an agreement reached by Atlanta Mayor Kasim Reed and Falcons owner Arthur Blank to build the downtown Atlanta facility.

Blank and Reed last week agreed on a plan to spend about $800 million on building the new stadium, $50 million for infrastructure costs and $15 million for improvements in the surrounding neighborhood.

The public would chip in $200 million up front for construction through Atlanta’s hotel/motel taxes, and millions more from those taxes would go to financing costs as well as upgrades and operations in future years.

Both the Atlanta City Council and Georgia World Congress Center must approve the plan before it moves forward.

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